Golden Bay residents are getting locked out of the housing and rental market as outsiders snap up homes in the popular holiday destination.
Ray White Golden Bay owner Billy Kerrisk said of the 50 properties she had sold this year, only three were to Golden Bay clients.
Most of the sales were of holiday homes with the majority of buyers from Nelson, followed by Christchurch and Wellington. Fewer than 20 sales were to clients who moved into the homes they bought.
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